Assume the following information for Larkspur Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off $139,000 11,480 950,000 915,000 5,500 2,200 Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable. (a) Your Answer Correct Answer Your answer is correct. Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Accounts Receivable 950,000 Sales Revenue 950,000 Your answer is correct. Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Accounts Receivable 950,000 Sales Revenue 950,000 (To record sales on account) Cash 915,000 Accounts Receivable 915,000 (To record collection of accounts receivable) e Textbook and Media List of Accounts Your answer is correct. Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Allowance for Doubtful Accounts 5,500 Accounts Receivable 5,500 (c) Your answer is correct. Prepare the entries to record the recovery of the uncollectible account during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Accounts Receivable 2,200 Allowance for Doubtful Accounts 2,200 (To reverse write-off of accounts receivable) Cash 2,200 Accounts Receivable 2,200 (To record collection of accounts receivable) (d) Your answer is correct. Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts. Ending balance in Accounts Receivable $ 168,500 Unadjusted balance in Allowance for Doubtful Accounts 8,180 Attempts: 1 of 2 used (e) Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Save for Later Attempts: 0 of 2 used Submit